City leaders are optimistically expecting the move to not further damage the affordable-housing market.
City leaders are optimistically expecting the move to not further damage the affordable-housing market.
Hales doesn’t deny that short-term rentals will reduce the stock of affordable housing, but argues that Airbnb-style operations already are occurring here, even if illegal, and the impact isn’t likely to be significant.
At a recent City Council work session, Hales said there are about 80,000 multifamily units in Portland, and about 500 of those are now used by Airbnb hosts to rent out rooms. Developers have added about 5,000 multifamily units in Portland this year alone, Hales said, estimating that about 2,000 of those are affordable housing.
Read more at the Portland Tribune.
